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  • Keppel secures contract for offshore wind farm substations
  • 2021 November 22 17:06

    Keppel secures contract for offshore wind farm substations

    Keppel Offshore & Marine Ltd's (Keppel O&M) wholly-owned subsidiary Keppel FELS Ltd (Keppel FELS) has secured a contract from a renewable energy company for the construction of two offshore substations (OSS) worth around S$110 million, according to the company's release.

    Keppel O&M’s work scope comprises the engineering, procurement, construction, testing and commissioning for the topside modules of two OSS. This excludes the OSS foundations, as well as certain electrical components to be furnished by the client. It is scheduled to be completed in 2024 to be deployed in an offshore wind farm.

    In line with Keppel’s Vision 2030 which puts sustainability at the core of the Company’s strategy, Keppel O&M is strengthening its foothold across the value chain of offshore renewables. It recently completed two OSS for Taiwan’s Greater Changhua 1 & 2a offshore wind farms, and is currently building a HVDC converter station for offshore wind farms in the German sector of the North Sea as well as the first wind turbine installation vessel in the United States.

    The above contract will be on progressive payment milestones and will have neutral project cashflow. It is not expected to have a material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current financial year.
     
    About Keppel Offshore & Marine

    Keppel Offshore & Marine (Keppel O&M) is a world leader in providing total solutions to the offshore, marine and energy industries. Bolstered by a global network of yards and offices, it has extensive know-how across a wide range of capabilities – design & engineering, new builds, conversions & repairs, and support services

    A pioneer in offshore solutions, Keppel O&M has a strong track record in designing and building high-performance offshore platforms, production units and specialised ships. It is a trusted partner in the conversion, repair and modification of diverse and complex rigs and vessels, and is also a developer of integrated solutions for the offshore renewable and infrastructure industries.




2022 January 26

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16:03 Deltamarin signs an engineering contract for Höegh Autoliners Aurora Class PCTCs
15:58 Avenir sells the world’s largest LNG bunker vessel
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15:33 Maersk Supply Service launches new venture company to deliver offshore vessel charging
14:40 Throughput of OTEKO Group terminals in Taman surged by 82%, year-on-year
14:13 Fincantieri’s U.S. shipyards join Green Marine
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12:37 Freeport of Ventspils handled over 11.1 million tons of cargo in 2021
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2022 January 25

18:10 Ports of Los Angeles & Long Beach postpone Container Excess Dwell Fee
17:55 Joint Russian-Chinese naval exercise Peaceful Sea-2022 took place in the Arabian Sea
17:36 Broad scope of Wärtsilä power solutions selected for gas-fuelled ferry trio
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16:45 Port of Los Angeles launches first-of-its-kind cyber resilience center
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13:12 European shipowners support EU parliamentary proposal on commercial operators and a sector-dedicated fund
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12:30 TotalEnergies launches Port of Marseille Fos’ first ship-to-containership LNG bunkering operation
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2022 January 24

18:22 Nakilat takes delivery and management of fourth LNG carrier newbuild
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17:13 GTMaritime guide sets out future of maritime communications
16:50 Glavgosexpertiza approves construction of coal terminal Port “Vera” in Primorye
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